Quote:
Originally Posted by rats60
I really don't know where you got the 600k from, but I hope you realize that the Ruths would be worth in excess of a million dollars. You would have received a much higher return if you had invested in higher grade cards.
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There were several articles about that. There are websites as well, its well known that if you have 10,000 in an index dow fund 40 years ago and reinvested dividends you would have 600,000 now..it sure would exceed 300,000 with the dividends reinvested....if you did it in the 1940s..it would be more than a million as well...
I didnt say all cards wouldnt outperform the market..i said 99% of cards wouldnt exceed...the OP then said 10,000, 40 years ago if you go by the price of the market would go up 30x., i corrected as its more in the 60x range when include dividends reinvested...
also in the 1970s, there were no graded cards...everyone thought their card was mint...centered cards werent that big of a deal either..so yeah your 'mint' card that is offcenter wouldnt be a psa 9 now etc...
so cant just assume you would get the best example of the card when going by what standards people cared about then.....